Looking to diversify beyond LABFX? The mutual funds below have the lowest correlation with LABFX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from LABFX.
Best Diversifiers for LABFX
3 mutual funds have low correlation with LABFX (below 0.3), 0 of which are negatively correlated. The least correlated is MH Elite Small Cap Fund of Funds Fund (MHELX) (Diversified Portfolio) with a 1Y correlation of 0.06, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MH Elite Small Cap Fund of Funds Fund | 0.06 | 0.18 | 0.52 | 67 | Diversified Portfolio | LABFX vs MHELX | |
| Lord Abbett Short Duration Income Fund | 0.24 | 0.26 | 0.20 | 67 | Short-Term Bond | LABFX vs LALDX | |
| Lord Abbett Ultra Short Bond Fund | 0.24 | 0.18 | 0.14 | 98 | Ultrashort Bond | LABFX vs LUBYX | |
| Lord Abbett Short Duration Income Fund | 0.33 | 0.22 | 0.20 | 68 | Total Bond Market | LABFX vs LLDYX | |
| Fidelity Advisor Strategic Real Return Fund Class ... | 0.38 | 0.56 | 0.61 | 82 | Diversified Portfolio | LABFX vs FCSRX |
See all 36 diversifiers for LABFX
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